Retail

Toyota's global sales rise 3% as race with VW tightens

Oct. 27, 2014 12:38 CET
Toyota said worldwide sales climbed 3 percent through September as the carmaker battles VW Group to be the global No. 1. Toyota is benefiting from strong growth in the U.S. while VW Group is getting a big boost from China.... Read More »

 

Tesla offers leasing options for new Model S in U.S.

6:49 am U.S. ET | Oct. 27, 2014
Tesla Motors unveiled a leasing policy for its new Model S with an option for buyers in the United States to return the car within three months of purchase.... Read More »

 

Infotainment glitches haunt automakers in Consumer Reports' reliability survey

12:45 pm U.S. ET | Oct. 27, 2014
Infotainment hiccups nagged the industry in the Consumer Reports 2014 Annual Auto Reliability Survey, while problems with the Q50 caused Infiniti's ranking to plummet.... Read More »

 

Lincoln's McConaughey ads get another parody, this time from SNL

4:10 pm U.S. ET | Oct. 27, 2014
If the success of an ad campaign -- and the brand it touts -- was measured by the number of parodies it generated, Lincoln's moody ads featuring Oscar-winning actor Matthew McConaughey would already be in the advertising Hall of Fame.... Read More »

 

Dodge brothers back in action in new TV spots

12:01 am U.S. ET | Oct. 27, 2014
The last time a Detroit automaker resurrected a dead guy for an ad campaign, the result was widely panned.... Read More »

 

OCTOBER U.S. AUTO SALES

U.S. auto sales projected to rise 6% in Oct. to highest total in a decade

1:35 pm U.S. ET | Oct. 27, 2014
New light-vehicle sales are expected to rise about 6 percent in the United States this month from last October to about 1.27 million vehicles, according to three forecasts. It would be the highest October sales volume since 2004.... Read More »

 

Continental eyes acquisition to reduce dependence on auto unit, report says

Oct. 27, 2014 15:37 CET
Continental is said to be looking for an acquisition in the industrial sector as it seeks to boost its proportion of industrial sales to 40 percent from close to 30 percent now to reduce its dependence on volatile car markets.... Read More »

 

AutoNews Now will pack more news in TV redesign

12:01 am U.S. ET | Oct. 27, 2014
Automotive News TV's afternoon newscast marks its sixth anniversary this week with a fresh look. A new set and graphics will be part of the redesign of "AutoNews Now." Other changes will allow the show to include more late-breaking news.... Read More »

 

Edmunds YouTube flap underscores tension with 3rd-party sites

12:01 am U.S. ET | Oct. 27, 2014
Edmunds.com's YouTube ad campaign that spoofed price haggling at dealerships lasted just two days. The third-party vehicle shopping site, which dealers pay to find sales leads, pulled the videos on Thursday after an outcry from some dealers who found the ads offensive.... Read More »

 

Surge of used cars stings

12:01 am U.S. ET | Oct. 27, 2014
A rising supply of used vehicles, particularly late-model cars and trucks coming off lease, already is hitting some companies in their pocket books. That supply -- and the number of companies affected - will continue to grow.... Read More »

 

SHAREHOLDER VALUE REPORT

A sobering quarter for auto shareholders

12:01 am U.S. ET | Oct. 27, 2014
It was a tough third quarter for auto industry investors as falling international and softening U.S. financial markets depressed shareholder value for companies that build, supply or retail vehicles. Values fell for all three categories of public companies in the Automotive News/PwC Shareholder Value Index during the July-September period.... Read More »

 

Chrysler video games bolster dealership sales staff training

12:01 am U.S. ET | Oct. 27, 2014
Chrysler Group is about to encourage dealership salespeople to play video games during downtime. The automaker has created four video games to help salespeople learn the fine points of Chrysler, Jeep, Dodge and Ram vehicles.... Read More »

 

No jolt out of normal-looking Focus Electric

12:01 am U.S. ET | Oct. 27, 2014
After two years of paltry Focus Electric sales, the question is: Do customers want their battery-electric vehicles to look just like normal cars?... Read More »

 

Dealer takes flight to get patient to needed care

12:01 am U.S. ET | Oct. 27, 2014
Mary Margaret Lynn of Cape May Court House, N.J., knows what it's like to go from giddy joy to overwhelming sorrow all in the span of about two weeks.... Read More »

 

BEST PRACTICES

N.J. dealer lets customers choose the charity

12:01 am U.S. ET | Oct. 27, 2014
One dealer's charitable impulse turned into a community fundraising powerhouse under the banner Kindle Community Challenge.... Read More »

 

Group 1 slows acquisitions

12:01 am U.S. ET | Oct. 27, 2014
Group 1 Automotive Inc., put off by high prices for dealerships and unacceptable returns, will slow its acquisition pace in the near term.... Read More »

 

GM plans to build on growth of minority-owned stores

12:01 am U.S. ET | Oct. 27, 2014
General Motors added 21 minority-owned dealerships to its network so far this year, with plans to add a "couple more" this month and perhaps more by year end, said Eric Peterson, GM's U.S. vice president of diversity dealer relations.... Read More »

 

EDITORIAL

Moving the metal

12:01 am U.S. ET | Oct. 27, 2014
Rail shipments of new vehicles to market are frustratingly slow and often delayed. Automakers suspect some other shippers are getting preferential treatment, but they haven't had the data to be sure.... Read More »

 

EDITORIAL

Brace yourself for a flood of used vehicles

12:01 am U.S. ET | Oct. 27, 2014
Prices on used vehicles are falling and will keep falling as supplies of late-model used cars and trucks return to normal levels. We're seeing the end of a long drought of used vehicles caused by the recession. In 2009 and 2010, the number of new vehicles that were built and sold plummeted. Even fewer were leased back then because of the credit crunch that came with the slump.... Read More »

 

LETTER TO THE EDITOR

Fla. dealers are upfront on pricing

12:01 am U.S. ET | Oct. 27, 2014
TrueCar's new bid to increase "transparency" in vehicle purchases is, in my view, nothing more than a marketing scheme for the misinformed and, frankly, distorts the image of the franchise system that I work in and for.... Read More »

 

Outsiders invest in China's auto retailers

12:01 am U.S. ET | Oct. 27, 2014
Global companies piled into China for the first phase of the country's auto boom, to build cars and make parts locally. Now they are ramping up for the next phase: retailing. Chinese dealerships, desperate for funds to expand operations and keep up with the country's surging demand, are courting foreign investment.... Read More »

 

Asbury raises its acquisition goal

12:01 am U.S. ET | Oct. 27, 2014
Asbury Automotive Group Inc.'s acquisition ambitions keep getting bigger. The nation's seventh-largest dealership group said that it now aims to buy stores that will add $500 million in annual revenue during the next 18 months.... Read More »

 

M-B captive hikes online sales of off-lease cars

12:01 am U.S. ET | Oct. 27, 2014
An enhancement to Mercedes-Benz Financial Services' 24/7 online remarketing tool has helped the captive finance company boost online sales of off-lease vehicles to dealers.... Read More »

 

Dealers

12:01 am U.S. ET | Oct. 27, 2014
Dealers featured this week include David Butkus, dealer principal of Freehold Dodge (Dodge-Ram) in Freehold, N.J.; Randy Reed, president of Randy Reed Buick-GMC in Kansas City, Mo.; Randy Williams, dealer principal of Williams Toyota of Sayre in Sayre, Pa.; and Mark Zimmerman, president of Mark Zimmerman Hyundai in Cedar Rapids, Iowa.... Read More »

 

Jaguar prices XE's volume version above BMW 3 series

Oct. 26, 2014 06:01 CET
The Jaguar XE's likely best-selling model, the XE 2.0-liter diesel sedan, will start at 29,775 pounds (37,713 euros) in the UK, topping the price of rival BMW's equivalent model, the 320d Efficient Dynamics sedan, by 1,000 pounds.... Read More »

 

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Racing, tech events draw crowds to Hoffman stores

Racing, tech events draw crowds to Hoffman stores

Hoffman Auto Group holds more than 100 elaborate events annually to attract and retain customers. Some buyers zip around a racetrack in Porsches at 130 mph. Mon., October 27
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